Why illicit trade matters

Illicit trade is the lifeblood of organised crime and corruption. Black markets – be they for narcotics, trafficking of human beings, arms smuggling, counterfeit consumer goods, money laundering, or illegal exploitation of natural resources – together constitute a significant part of global economic output. A more strategic and holistic approach to illicit trade is required to enhance global economic development and security.

Facilitated by globalisation and the digital revolution, illicit trade has exploded in the last decades

Illicit trade harms consumers, enterprises, the broader economy, national security, the environment, and development in every country on the planet

Despite its enormous size and strategic importance, there is low public awareness and political prioritisation of the problem